Summary:
The book explores the concept of collective intelligence, arguing that information markets, wikis, and other forms of group collaboration can lead to smarter decisions and innovation. It examines both the potential and the pitfalls of these collaborative approaches, including issues of groupthink and information cascades.
Key points:
1. Wisdom of Crowds: Sunstein notes that groups can make better decisions than individuals if conditions are right, as collective knowledge can outweigh individual mistakes.
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